An ominous cloud is hanging over the housing market: Millions of distressed properties could be put up for sale at any moment, potentially adding to the glut of unsold homes that are already on the market and depressing home prices even further.
An oft-repeated statement that the Federal Aviation Administration's partial shutdown has forced the layoff of 70,000 construction workers is, at best, an over-simplification, and at worst, an exaggeration, according to the expert behind the number.
Foreclosure filings fell dramatically during the first half of the year as processing delays at the banks, which are strapped with excess inventory of repossessed homes, continued to skew the numbers -- and falsely raise hopes that the housing market is staging a recovery.
Five men missing from the Washington area are in Pakistani police custody, the FBI said Thursday, a day after Pakistani authorities arrested several men whom they described as Americans and accused them of plotting terrorist attacks.
Last month I talked about how to get your employees to work harder. (According to a survey by Salary.com, the average American wastes two hours a day on the job.) But how can you trick yourself into managing your workday more effectively? These four insights can help.
Let's say you work in an industry that's been hit hard by the economic downturn, and you're watching competitors downsize left and right. You're pretty sure that layoffs are headed to your place too, and fast. What's your best strategy to keep your job?
Kathleen Fuld, wife of the former CEO of now defunct Lehman Brothers, reportedly went shopping at luxury purveyor Hermès not long ago. This in itself is not remarkable. Even though her husband no longer sits atop one of the biggest investment banks in the nation, presumably the couple is not exactly impoverished.
Before you jump all over me, let me remind you that this isn't The Ethicists. I'm a behavioral economist. And so I ask not: Is it morally right to bribe your kid to get him to do the stuff you want him to do? I instead ask: Does bribing your kid work? And if so, how does it work best?
In a speech from George Mason University in Fairfax, Virginia, on Thursday, President-elect Barack Obama called on Congress to act quickly on his economic package. The following is a transcript of his prepared remarks.
The unexpected wave of millions of early voters casting ballots for Sens. John McCain and Barack Obama may prompt Congress to mandate some form of early voting nationwide for future elections, experts say.
Homebuilders like Toll brothers are warning of a real estate slowdown ahead. Drugmakers are struggling to find the next blockbuster. Blue chips like Microsoft and Wal-Mart are searching for ways to revitalize their growth.
Some colleges are fretting the release of Microsoft's upgrade to its XP operating system -- whose release coincides with the opening of campuses around the country -- saying that multiple downloads of the patch could significantly jam their systems, according to a report published Tuesday.
Sen. John Kerry spoke to supporters Tuesday night on the campus of George Mason University in Fairfax, Virginia, following the Democratic presidential primaries in Virginia and Tennessee. The following is an edited transcript.